Average Financial Managers Salary in Lewiston-Auburn, ME
Financial Managers in Lewiston-Auburn, ME earn an average annual salary of $151,200, which is below the national average of $184,480. This difference in compensation is often influenced by the specific economic landscape and demand within a particular metropolitan area, reflecting local market dynamics rather than a universal pay scale.
Executive Summary
- Average Salary: $151,200 per year.
- Growth Trend: Salaries have shifted 20.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $219,230.
- Outlook: The Lewiston-Auburn area supports a local workforce of 200 Financial Managers. With a Location Quotient of 0.77, the concentration of these roles is slightly below the national average, suggesting a stable but not overly saturated job market. The presence of approximately 4.081 Financial Managers per 1,000 workers indicates a consistent demand for these financial professionals within the region.
Salary Overview
The average Financial Managers in Lewiston-Auburn, ME earns-18.0%below the national average.
$72.7
$2,908
$12,600
Financial Managers Salary Trends (2020-2024)
While specific historical data for Lewiston-Auburn is not provided, it's reasonable to assume that salaries for Financial Managers in this region have experienced a gradual upward trend over the past four years, mirroring national patterns. Economic growth, inflation, and increasing demand for sophisticated financial planning and analysis typically drive salary increases for experienced professionals in this field.
Financial Managers Salary Distribution in Lewiston-Auburn, ME
The career trajectory for Financial Managers in Lewiston-Auburn, as elsewhere, typically shows significant salary growth from entry-level to senior positions. While exact figures vary, experienced professionals can command substantially higher salaries, with the top percentiles reflecting advanced expertise, leadership responsibilities, and a proven track record in financial strategy and management. These percentile gaps are key indicators of career progression opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $82,900 | $39.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $113,400 | $54.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $134,650 | $64.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $189,000 | $90.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $219,230 | $105.4 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$151,200
Gross Pay
Real Wage (Purchasing Power)
$151,200
Adjusted for COL (100)
The average nominal salary of $151,200 in Lewiston-Auburn, ME, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in this area is comparable to the national average, offering a balanced lifestyle without significant financial strain related to everyday expenses.
Job Market Context
200
Total Jobs
4.081
Per 1K Jobs
0.77
Location Quotient
Lewiston-Auburn, ME has 0.77x the national average concentration of Financial Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.77 for Financial Managers in Lewiston-Auburn indicates that the profession is slightly less concentrated than the national average. This suggests that while the market is not as dense with these specialists as in larger metropolitan hubs, there is still a steady presence and demand for their skills, offering a potentially less competitive environment for job seekers compared to highly concentrated areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Portland-South Portland, ME Financial Managers Salary | $182,730↑ 21% | 29 mi |
| Southwest Maine nonmetropolitan area Financial Managers Salary | $137,420↓ 9% | 57 mi |
| Northeast Maine nonmetropolitan area Financial Managers Salary | $143,480↓ 5% | 57 mi |
| Central New Hampshire nonmetropolitan area Financial Managers Salary | $148,770↓ 2% | 82 mi |
| Northern New Hampshire nonmetropolitan area Financial Managers Salary | $159,440↑ 5% | 82 mi |
Comparing salaries near Lewiston-Auburn, ME
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Frequently Asked Questions
How much does a Financial Managers make in Lewiston-Auburn, ME?
The median annual salary for a Financial Managers in Lewiston-Auburn, ME is $151,200. This typically ranges from $82,900 for entry-level positions to $219,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lewiston-Auburn, ME is 18.0% lower than the national median of $184,480.
Is Lewiston-Auburn, ME a lucrative place for Financial Managers?
Moderately lucrative, with average pay below the national benchmark but a balanced cost of living.While the average salary of $151,200 is lower than the national average, the cost of living in Lewiston-Auburn is exactly at the national average, making the nominal salary's purchasing power comparable.
Is Lewiston-Auburn, ME a good place to live for Financial Managers?
The Cost of Living Index in Lewiston-Auburn, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lewiston-Auburn, ME?
Some top paying nearby cities include Portland-South Portland, ME ($182,730) and Southwest Maine nonmetropolitan area.
How does the Lewiston-Auburn Financial Manager salary compare to the national average?
The average salary for Financial Managers in Lewiston-Auburn, ME is $151,200, which is approximately 18% lower than the national average of $184,480.
What is the Cost of Living in Lewiston-Auburn, ME?
The Cost of Living Index in Lewiston-Auburn, ME is 100, which is exactly the same as the national average.
How concentrated is the Financial Manager job market in Lewiston-Auburn, ME?
The job market for Financial Managers in Lewiston-Auburn, ME has a Location Quotient of 0.77, indicating a slightly lower concentration of these professionals compared to the national average.
What is the total number of Financial Managers in Lewiston-Auburn, ME?
There are approximately 200 Financial Managers employed in the Lewiston-Auburn, ME area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Lewiston-Auburn, ME area with a job density of 4.081 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Lewiston-Auburn, ME